Gulf Care Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 18,845,398 | 17,434,190 | 1,411,208 | -0.6 | 42% |
| 2012 | 20,247,180 | 18,857,524 | 1,389,656 | 0.0 | 43% |
| 2013 | 20,116,343 | 23,425,293 | −3,308,950 | -5.1 | 36% |
| 2014 | 21,697,336 | 19,951,776 | 1,745,560 | -5.1 | 45% |
| 2015 | 22,756,496 | 23,064,753 | −308,257 | -4.7 | 43% |
| 2016 | 11,652,038 | 12,135,389 | −483,351 | -9.2 | 42% |
| 2017 | 23,310,566 | 26,095,928 | −2,785,362 | -5.5 | 42% |
| 2018 | 26,576,176 | 32,107,792 | −5,531,616 | -6.6 | 37% |
| 2019 | 31,960,860 | 35,940,431 | −3,979,571 | -7.2 | 38% |
| 2020 | 33,696,091 | 36,961,288 | −3,265,197 | -8.1 | 36% |
| 2021 | 33,635,859 | 37,149,624 | −3,513,765 | -9.1 | 35% |
| 2022 | 33,985,849 | 38,409,326 | −4,423,477 | -10.4 | 34% |
| 2023 | 36,633,299 | 43,203,156 | −6,569,857 | -11.0 | 32% |
In its most recent public year (2023), this organization spent $6,569,857 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-11 months), down from -0.6 in 2011. Staff pay was 32% of spending. $270,554 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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